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If the annualized cost of trade credit is 25.09%, what is the discount trade credit period? Assume a net trade credit period of 60 days
If the annualized cost of trade credit is 25.09%, what is the discount trade credit period? Assume a net trade credit period of 60 days and a discount percentage of 3% for early payments.
A. 5 days
B. 30 days
C. 15 days
D. 45 days
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